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To: Knighty Tin who wrote (23039)	9/23/1997 11:41:00 AM
From: Kathleen capps	of 132070

Mike, Kurlak just reduced 97 and 98 estimates on MU: NEW YORK, Sept 23 (Reuter) - Merrill Lynch said on Tuesday analyst Tom Kurlak cut his 1997 and 1998 earnings estimates on Micron Technology Inc. Kurlak reduced his 1997 earnings estimate to $1.05 a share from $1.31 a share and his 1998 estimate to a range of $1.20 to $1.40 per share from $2.75 a share. The producer of dynamic random access chips said Monday it earned $0.33 a share in its fourth quarter, below a Wall Street consensus forecast of $0.50 per share. My questions (a few of many -g-): Isn't it kind of late to cut 97 estimates, or doesn't Kurlak know when the FY ends? Also, when did his 97 estimate even get down to $1.37. Did we blink and miss something (as usual with Micron -g-) BTW, over on the MU thread, PHB notes Fred Hickey comments during the MU conference call. Kathleen

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